The Nigerian Naira has experienced relative stability against the US Dollar at the start of the week, as reported on December 8, 2025, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.

In the official market, the indicative exchange rate for the US Dollar to the Naira was recorded at N1449.84 per dollar. This figure reflects a continuity in rates seen towards the end of the previous week, suggesting that recent monetary and liquidity management interventions by the Central Bank of Nigeria may be aiding in keeping the market stable.

Market analysts note that, despite operating with thin liquidity—a factor that typically leads to volatility—the NFEM has shown resilience amidst ongoing demand pressures.

In the parallel or black market, which mainly handles informal transactions and smaller business dealings, the Naira’s value maintained a premium over the official rate. Current trading estimates place the Naira at around N1480 to N1490 per dollar in major urban centers such as Lagos and Abuja. This persistent gap between official and parallel rates raises concerns for businesses, as it fuels speculation and may deter foreign investment through official channels.

As the year-end approaches, the market is expected to remain closely monitored for any significant policy pronouncements or changes in foreign currency supply that could impact these rates.